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Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
 COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific value of 6000 GAD and 15 percent total moisture coal for TNPL against its recent tender.
According to E-Tender conducted by TNPL at 3 PM IST today, US$ 98.60 was quoted as lowest price, our sources said.
However, the manual bid which opened at around 4.30 PM IST today, shows US$ 93.44 PMT as the lowest price. Knowledge Infrastructure would emerge as lowest and emerged as the contract winner. This price includes US$ 2-3 logistics cost making the net CIF price around US$ 90 - 91 per MT, which was almost same or little above than current FOB price of 6300 GAD coal of Indonesian Origin.
CEPL, another bidder who has emerged as L2 is very close with US$ 95 PMT but all other participants were above US$ 100 pmt and even some offered at US$ 115 per MT, said a trader who is familiar with the tender.
On 25th of last month, TNPL has finalized 160,000 MT of coal at US$ 97.10 from Knowledge infrastructure. Within 25 days TNPL, successfully brought down the price by US$ 3.66 per MT and Knowledge infrastructure become lowest bidder again and may bag another 160,000 MT from TNPL to supply from July 2011.
TNPL over the period of several years got the exposure and experiencing the market pulse so well and pitching their next move intelligently to secure the best of the world.
One of the far east trader commented that, the way TNPL conduct the e-auction and manual bid whichever is low is really revealing and appreciable. This gives excitement and hope for the bidders at different stages. It looks like a business combined with excitement filled game.
He also commented and wonder why the other state PSU such as TNEB is not adopting the same methodology and getting the best rates.
According to the tender issued on 2 April 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8 pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL tender terms say, the winner will be selected based on the lowest bid either from e-tender or sealed manual tender price. The manual bids were opened around 4.30 pm IST today, and Knowledge infrastructure's price was the lowest among the all other participants. Most probably, TNPL, will award the 160,000 MT of coal supply order to Knowledge infrastructure.
TNPL's latest tender price is 3.76 percent or US$ 3.66 lower than its last purchased price of US$ 97.10 per MT. TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India.
Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Starmin, MSTC, Phonex Comtrade, and Coastal Energy are other participants of this tender.
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Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
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- Rio Tinto Coal - Australia
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- Planning Commission, India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Thai Mozambique Logistica
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- Krishnapatnam Port Company Ltd. - India
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- Semirara Mining and Power Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
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- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
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- International Coal Ventures Pvt Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Australian Coal Association
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- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
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- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
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- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
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- Maharashtra Electricity Regulatory Commission - India
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- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
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- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
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- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
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- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
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- Wood Mackenzie - Singapore
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- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Kumho Petrochemical, South Korea
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- Sakthi Sugars Limited - India
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- Wilmar Investment Holdings
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- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
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- Australian Commodity Traders Exchange
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- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
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- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
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- Renaissance Capital - South Africa
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
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